On the Road with ITR Economics

  • by itradmin - Fri, 03/03/2017 - 11:01

The people I talk to seem to have more optimism than I have seen in a long time. Optimism is good at one level because it leads us to invest in our people and in our businesses in general. A bright view of the future is even infectious and can positively impact the morale within the entire company. I would suggest that you should double-check what that optimism is based on. Feelings may be easily swayed, but optimism based on rates-of-change and leading indicators is not. I encourage people to make sure they have an upbeat view of their future because their own rates-of-change are rising and because the external, emotionless leading indicators that relate to your business are also rising. Rise in both of these places warrants that positive view. A word of caution: be ready to switch to a more guarded position in the future when your rates-of-change and leading indicators start to descend, even if emotional optimism is still prevalent around you. If you fly by the instruments, you will fly with confidence, and you will avoid the next storm.

Alan Beaulieu